BLACKSTONE INC. 
(MT Newswires) -- Jon Gray, chairman of Blackstone, warns that overly cautious monetary policy by central banks could lead to an economic slowdown. He warns that banks, having kept rates low and slowly reduced their balance sheets, may now be too slow to stimulate the economy in the face of falling inflation.
Gray stresses the importance of investors not being overly cautious, particularly in sectors where valuations have already fallen sharply. He identifies investment opportunities despite the negative sentiment, particularly in property where fundamentals appear to be stabilising.
In commercial property, despite the challenges posed by teleworking and rising interest rates, Gray sees no imminent systemic risk. He expects some financial institutions to have to revalue their assets, but sees this as creating opportunities, such as Blackstone's purchase of a $17bn mortgage portfolio from Signature Bank.
Gray concludes that the ability to generate good returns on investment is fundamental, and Blackstone aims to leverage its size and expertise to deliver better returns for its clients.
